About Okta (NASDAQ:OKTA)

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for Web and mobile applications, and data of organization; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; and Mobility Management, which simplifies and automates mobile device administration and provisioning across phones, tablets, and laptops. It also offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.

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Profitability

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Okta (NASDAQ:OKTA) Frequently Asked Questions

What is Okta's stock symbol?

Okta trades on the NASDAQ under the ticker symbol "OKTA."

How were Okta's earnings last quarter?

Okta Inc (NASDAQ:OKTA) posted its quarterly earnings results on Wednesday, March, 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.05. The company had revenue of $77.80 million for the quarter, compared to analyst estimates of $76.77 million. Okta had a negative net margin of 43.99% and a negative return on equity of 65.56%. The firm's quarterly revenue was up 59.4% compared to the same quarter last year. View Okta's Earnings History.

When is Okta's next earnings date?

What guidance has Okta issued on next quarter's earnings?

Okta updated its FY19 earnings guidance on Wednesday, March, 7th. The company provided earnings per share guidance of ($0.67-0.62) for the period, compared to the Thomson Reuters consensus estimate of ($0.75). The company issued revenue guidance of $343-348 million, compared to the consensus revenue estimate of $343.91 million.Okta also updated its Q1 guidance to ($0.16-0.15) EPS.

What price target have analysts set for OKTA?

11 brokerages have issued 1 year price targets for Okta's shares. Their forecasts range from $32.00 to $57.00. On average, they expect Okta's share price to reach $47.70 in the next twelve months. View Analyst Ratings for Okta.

What are Wall Street analysts saying about Okta stock?

Here are some recent quotes from research analysts about Okta stock:

1. According to Zacks Investment Research, "Okta, Inc. is a provider of identity for the enterprise. The Company's product consists of Okta information technology Products and Okta for Developers. Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. Okta for Developers include Complete Authentication, User Management, Application Programming Interface Access Management and Developer Tools. Okta, Inc. is based in SAN FRANCISCO, United States. " (11/9/2017)

2. Canaccord Genuity analysts commented, "We attended Okta’s annual customer conference, Oktane, along with almost 2,000 registered attendees and a couple dozen financial types at the analyst breakout session. We came away more convinced that this firm could become something very special over the next decade. While valuation dissuades us from rating Okta BUY at this point, we would likely change our mind if OKTA corrects to the low-$20 range perhaps in response to a market correction or lockup expiration." (8/30/2017)

When did Okta IPO?

(OKTA) raised $154 million in an IPO on Friday, April 7th 2017. The company issued 11,000,000 shares at a price of $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and JMP Securities were co-managers.

Has Okta been receiving favorable news coverage?

News coverage about OKTA stock has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Okta earned a coverage optimism score of 0.20 on Accern's scale. They also assigned media coverage about the company an impact score of 47.90 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Which major investors are selling Okta stock?

OKTA stock was sold by a variety of institutional investors in the last quarter, including Glynn Capital Management LLC, Jane Street Group LLC, Citigroup Inc., Adams Street Partners LLC, Wells Fargo & Company MN, The Manufacturers Life Insurance Company , MetLife Investment Advisors LLC and Bayesian Capital Management LP. Company insiders that have sold Okta company stock in the last year include Jacques Frederic Kerrest, Jonathan T Runyan, Michael R Kourey, Todd Mckinnon, Ventures Iv LP Khosla and William E Losch. View Insider Buying and Selling for Okta.

How do I buy shares of Okta?

Shares of OKTA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $50.82.

How big of a company is Okta?

Okta has a market capitalization of $5.08 billion and generates $259.99 million in revenue each year. The company earns $-114,350,000.00 in net income (profit) each year or ($1.37) on an earnings per share basis.

How can I contact Okta?

Okta's mailing address is 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA, 94107. The company can be reached via phone at 888-722-7871 or via email at [email protected]

MarketBeat Community Rating for Okta (OKTA)

MarketBeat's community ratings are surveys of what our community members think about Okta and other stocks. Vote "Outperform" if you believe OKTA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Okta (NASDAQ:OKTA) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

11 Wall Street analysts have issued ratings and price targets for Okta in the last 12 months. Their average twelve-month price target is $47.70, suggesting that the stock has a possible downside of 5.99%. The high price target for OKTA is $57.00 and the low price target for OKTA is $32.00. There are currently 11 buy ratings for the stock, resulting in a consensus rating of "Buy."